BSE realty index has gained 0.6% to 1,822 in early trades. Auto, consumer durables and bankex are also in the green. Meanwhile, selling pressure can be seen in IT shares, with the BSE IT index dropping 0.26% at 5,656.
Bharti Airtel has shed 1.7% at Rs 265. In a major setback to incumbent telecom operators Bharti Airtel, Vodafone, Idea Cellular, BSNL and MTNL, the Telecom Commission decided all spectrum given to operators in the 900-MHz band would be refarmed to the 1,800-MHz band at the time of renewal of licences, beginning 2014.